Senate News

Kevin Warsh faced intense questions from Senator Elizabeth Warren and other lawmakers over his more than $100 million financial disclosure ahead of a confirmation hearing.

A letter from US Senator Richard Blumenthal said he was concerned about “mounting allegations of dangerously lax anti-money laundering prevention by Binance.”

The Massachusetts Democrat has been critical of private companies, including non-bank entities, issuing their own dollar-pegged stablecoins.

US Senator Thom Tillis will publicly share an agreement to end a crypto and banking clash over stablecoin yields, but both sides are resisting the proposal, Politico reports.

Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish.

US Treasury Secretary Scott Bessent said the CLARITY Act is vital to setting clear rules for crypto, tokenized assets and decentralized exchanges, and that US leadership is at stake.

White House economists say banning stablecoin yield would add little to bank lending while imposing significant costs on users.

The #2 Texas state official called on lawmakers to study “the sudden inundation of prediction market gambling“ as other jurisdictions take the platforms to court.

The bill proposes to prohibit government officials from using insider information to bet on prediction market contracts, with fines up to double the amount of profits.

Spot ETF outlflows, falling DEX volumes and a declining ETH futures premium may be preventing Ether from rallying, but flipping them could catalyze a rally to $2,400.

Coinbase is reportedly still pushing back against stablecoin yield provisions in the Senate’s crypto market structure bill, a move that has derailed past efforts to advance the legislation.

The Senate Banking Committee has been looking to advance its crypto market structure bill since postponing a markup in January.

The Bitcoin Policy Institute said the bipartisan support for a de minimis tax exemption for smaller Bitcoin transactions is "encouraging."

Yield-bearing stablecoins are growing faster than the broader market as US lawmakers remain divided over how crypto yield should be regulated.

Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego have vowed to ensure that the Justice Department “conducts a serious investigation into Binance.”